Adapt IT sees an opportunity to build a meaningful public sector services business, thanks to efforts to root out state corruption, says CEO Sbu Shabalala. "We like the clean-up that’s happening in the public sector and we appreciate the direct attack on corruption — it’s going to create an environment where business is given on merit," Shabalala said. Less than 5% of Adapt IT’s business is geared towards the public sector, but Shabalala said there was an opportunity to grow this unit if patronage was removed from the sector. The information and communications technology (ICT) company, which wants to nearly triple its annual revenues to R3bn by 2020, is eyeing deals that will help it reach that target. "We are looking for sizeable acquisitions that will strengthen our existing business or extend us into other business [areas]," Shabalala said. "With the instruments we have available, we should be able to do any transaction up to half of our business…. We now have a business with mor...

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